Rimini Street (RMNI) Insider Filing: 100,249 Shares (~0.11%) Listed for Sale

Rhea-AI Filing Summary

Rimini Street, Inc. (RMNI) filing a Form 144 notifies the market of a proposed sale of 100,249 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $420,614.73. The filing reports total shares outstanding of 92,518,000, implying the block represents approximately 0.11% of outstanding shares. The securities are listed on NASDAQ and the approximate sale date is 09/02/2025. The shares were acquired as restricted stock from the issuer on 10/01/2021 and no securities were reported sold by the seller in the past three months. The filer represents that they do not possess undisclosed material information.

Positive

• Full disclosure of proposed sale including broker, share count, aggregate value, and approximate sale date
• Sizable transparency: data shows the block is approximately 0.11% of outstanding shares (100,249 of 92,518,000)
• Securities were acquired as restricted stock from the issuer with acquisition date provided (10/01/2021)
• No reported sales in the past three months by the seller

Negative

• None.

Insights

Securities Analyst

TL;DR: Proposed sale is small relative to the company’s float (about 0.11%), so market impact is likely limited.

The Form 144 shows a planned brokered sale of 100,249 common shares valued at $420,614.73 with an approximate sale date of 09/02/2025. The shares were issued as restricted stock on 10/01/2021 and no sales by this holder were reported in the prior three months. Given the reported outstanding share count of 92,518,000, this block represents roughly 0.11% of outstanding shares, which is modest in size. The filing is procedural under Rule 144, disclosing the planned disposition and the seller's certification regarding material non-public information.

Corporate Governance Expert

TL;DR: Filing demonstrates compliance with Rule 144 disclosure requirements and a 10b5-1 representation, if applicable.

The notice documents that the securities were acquired from the issuer as restricted stock on 10/01/2021 and that the seller affirms lack of undisclosed material information. The broker is identified as Morgan Stanley Smith Barney LLC. The form contains no record of recent sales by the seller, limiting questions about immediate insider selling patterns. This disclosure aligns with routine governance and securities law compliance for insider dispositions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	100249	420614.73	92518000	09/02/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	10/01/2021	Restricted Stock	ISSUER			100249	10/01/2021	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Rimini Street (RMNI) Form 144 disclose about the proposed sale?

The Form 144 discloses a proposed sale of 100,249 common shares via Morgan Stanley Smith Barney LLC with an aggregate market value of $420,614.73 and an approximate sale date of 09/02/2025.

What percentage of Rimini Street's outstanding shares does the proposed sale represent?

Based on the filing, the sale of 100,249 shares versus 92,518,000 outstanding shares equals about 0.11% of outstanding shares.

When were the securities being sold acquired?

The filing reports the shares were acquired as restricted stock from the issuer on 10/01/2021.

Has the seller reported any securities sold in the past three months?

The Form 144 states "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale?

The broker named in the filing is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.